July 10, 2019 / 8:09 PM / 10 days ago

US STOCKS SNAPSHOT-Wall St gains ground on rate cut hopes

July 10 (Reuters) - The benchmark S&P 500 closed higher on Wednesday after briefly crossing the 3,000-point mark for the first time following dovish remarks from Federal Reserve Chairman Jerome Powell boosting the case for an interest rate cut this month.

The Dow Jones Industrial Average rose 76.71 points, or 0.29%, to 26,860.2, the S&P 500 gained 13.43 points, or 0.45%, to 2,993.06 and the Nasdaq Composite added 60.80 points, or 0.75%, to 8,202.53. (Reporting Bb Caroline Valetkevitch; editing by Jonathan Oatis)

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